Best Buy's Earnings Beat Gives Some Boost To May's Weak Retail Sales |
| June 14, 2011 | June 2011 Bond Updates |
|
Best Buy’s earnings report is out, and it’s a good one in light of the weak outlook that analysts have for the retailer. The company reported earnings and comparative store sales results that beat the street’s expectations. Profits fell 1% globally and 3% in the U.S. market as the company struggled with product interruptions related to Japan and slow consumer spending. The profit drop was less severe than analysts expected, however. |
| View more at: http://blogs.forbes.com/heatherstruck/2011/06/14/best-buys-earnings-beat-gives-some-boost-to-mays-weak-retail-sales/ |
| Related News |
|